Exhibit 1.2
CAPITAL ONE AUTO FINANCE TRUST
2006-C
ASSET BACKED NOTES
TERMS AGREEMENT
Dated: November 14,
2006
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To:
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CAPITAL ONE
AUTO FINANCE, INC.
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CAPITAL ONE AUTO RECEIVABLES,
LLC
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Re:
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Underwriting
Agreement, dated November 9, 2006
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1. Terms of the
Notes
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Initial Note Balance
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Interest Rate
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Final Scheduled Payment
Date
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A-1
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$
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349,000,000
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5.34
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%
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December 14, 2007
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A-2
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$
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334,000,000
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5.31
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%
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July 15, 2009
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A-3-A
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$
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294,500,000
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5.07
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%
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July 15, 2011
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A-3-B
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$
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294,500,000
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LIBOR + 0.01
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%
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July 15, 2011
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A-4
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$
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478,000,000
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LIBOR + 0.03
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%
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May 15, 2013
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2.
Underwriters
The Underwriters named below are the
“Underwriters” for the purpose of this Agreement and
for the purposes of the above-referenced Underwriting Agreement as
such Underwriting Agreement is incorporated herein and made a part
hereof.
Banc of America Securities
LLC
Merrill Lynch, Pierce,
Fenner & Smith Incorporated
Wachovia Capital Markets,
LLC
ABN AMRO Incorporated
Credit Suisse Securities (USA)
LLC
Deutsche Bank Securities
Inc.
Morgan Stanley & Co.
Incorporated
RBC Capital Markets
Corporation
3. Ratings
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Class
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Rating Agency
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Standard & Poor’s
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Moody’s
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Fitch
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A-1
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A-1+
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Prime-1
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F1+
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A-2
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AAA
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Aaa
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AAA
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A-3-A
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AAA
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Aaa
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AAA
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A-3-B
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AAA
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Aaa
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AAA
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A-4
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AAA
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Aaa
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AAA
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4. Underwriting
Liability
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Class A-1
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Class A-2
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Class A-3-A
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Class A-3-B
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Class A-4
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Wachovia Capital Markets, LLC
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$
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44,000,000
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$
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42,000,000
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$
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37,000,000
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$
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37,000,000
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$
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60,000,000
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Banc of America Securities LLC
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$
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44,000,000
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$
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42,000,000
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$
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37,000,000
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$
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37,000,000
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$
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60,000,000
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Merrill Lynch, Pierce, Fenner & Smith
Incorporated
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$
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44,000,000
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$
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42,000,000
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$
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37,000,000
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$
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37,000,000
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$
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60,000,000
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ABN AMRO
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